Finance Manager Business Partnering
Landmark Group - Qatar
مجموع سنوات الخبرة :12 years, 1 أشهر
Month End MIS closure and submission to Corporate/Management as per the timeline.
2) Monthly review of concept wise and store wise Profit & Loss to assess the profitability of the stores and presenting the same to the business head for taking corrective actions.
3) Monthly review of markdowns, margins and promotions effectiveness and reporting the anomalies to the Management.
4) Monthly review of Balance Sheet schedules and reporting the anomalies to the management.
5) Preparation of Feasibility studies of the new stores in terms of the store profitability, ROCE and expected payback period. Review of capex spend for the territory and ensuring compliance of the related SOP’s. Tracking and reporting of Actual Vs Budgeted capex spend and reporting to the management.
6) Designing, implementing and ensuring consistent compliance of checks and controls on 'POS to Collection to Reporting' cycle (Revenue Assurance and reporting)
7) Preparation of Annual Budgeting by taking inputs from various stakeholders in business and ensuring sign off from the respective Concepts in consultation with the Territory Finance Head.
8) Responsible for the Treasury Management/Working Capital at the territory level.
9) Forensic analysis of Loyalty card usage, Credit Note generation, Cash refunds, price overrides, discounts, GV issuance and redemption & Review of Credit Control and ageing analysis of Accounts receivable.
10) Facilitating smooth Statutory and Internal Audit at the territory and responsible for the implementation of the gaps identified within the agreed time frame.
11) Partnering with the business team and exploring different avenues of Cross Promotions which will benefit both the Partner and Company.
12) Responsible for driving/executing Cost Saving Projects at the territory and adopting other bench marking projects as recommended by the corporate team.
Recording of all financial/Accounting transactions in adherence to PI and Indian statutory accounting policies for Unit Sales Accounting.
2) Ensure Monthly reporting of S&D Lines & Preparation of Financial Reports / analysis for Unit Operations Review.
3) Ensure Monthly Balance Sheet Review and preparation of schedules for all S&D Lines.
4) Active involvement in checking/processing market place spending to ensure accuracy and authenticity.
5) Ensure proper systems in place for accounting and reconciliation with business partners - distributors accounting, claims management, reconciliations with, CFA, transporters, A&M vendors etc.
6) Updating all pricing, margins and discount cost lines along with UFM.
7) ROI Management for all distributors on a quarterly basis
8) Timely closure of Statutory and Internal Audit (Functional as well as SOX)
9) Filing of Monthly VAT Returns and Half Yearly Service Tax Returns.
10) Monthly review of Credit Limits of the distributors/Modern Trade customers and correction of any irregularities in the same.
) Facilitation in the achievement of Turnover & Gross Margin by the division by finalizing Tax
strategy for procurement and Invoicing & Control on Budget updation.
2) Preparing Cash Flow Plan for Major projects>10 Crores & Preparing payment plan based on collection plan in consultation with the Operational Manager.
3) Monitoring of Collection plan based on line wise review & resolving issues hindering liquidation of Account Receivables.
4) Ensuring Compliance to legal & statutory requirements related to Excise/Sub-Sale/Works Contract Tax/Import transactions & handling documentation related to these transactions.
5) Ensuring the budgetary control for procurement/purchase at the branch level.
6) Review of open jobs (WIP/IWIP ratio), Margin Variation, Invoicing, outstanding, Extension of Time / Price Escalation, Margin variation and commercial audit of major Jobs (> 10 Cr ).
7) Providing rolling plan and Quarterly estimates of financial performance in consultation with Operational Manager.
8) Providing MIS to operation on Financial / Operational Performance parameters, Working Capital engagement, Open Job Status, Outstanding Ageing, Provision for Bad & doubtful Debts, Cost & profitability status of jobs, Insurance & Claims Status etc.